China Trade Deal Not Yet Boosting Maine Lobster Industry
A February trade deal with China that was supposed to encourage more lobster purchasing hasn’t driven sales as was hoped, with 2020 numbers below last year. …
Maine Lobster
Pandemic Relief Flows to Maine’s Lobster Supply Chain
While lobstermen received $ 14.9 million in small Paycheck Protection Program, or PPP, loans and at least $ 300,000 in large ones, it was spread out among almost 1,400 fishermen. …
Price of Lobster Dips Amid Trade War and Pandemic
The lack of demand is plunging the price of lobster. They are selling for about $ 4.50 per pound. That is roughly half of what they were selling for one year ago. …
In Lobster-Town U.S.A., There’s No Covid-19 but Plenty of Pain
The novel coronavirus has barely touched the public health of this corner of rural Down East Maine, with Hancock County reporting just 16 cases and one death as of June 30. Its economic health is another matter: The fallout from Covid-19 threatens a historically bad year for the Olsens and the rest of the state’s lobster industry. …
How the Coronavirus Crisis Is Pinching Maine’s Lobster Industry
Maine’s lobster industry will survive the coronavirus pandemic. Individual lobster harvesters—and businesses all along the supply chain —might not. …